10-year

10-Year Anniversary Promotion (20% off)

Join GuruFocus Premium Membership Now for Only $279/Year

Once a decade discount

Save up to $500 on Global Membership.

Don't Miss It !

Free 7-day Trial
All Articles and Columns »

Robert Olstein: We like to buy bad news

April 07, 2005

Robert Olstein, whose Financial Alert Fund outperformed the Standard & Poor's 500 Index in eight of the past nine years, said he tries to avoid money-losing investments by buying stocks that have already collapsed. We like to buy bad news because it produces the right price. We look first at how much we can lose before we think of the upside. His research is based on microscopic study of financial reports. He does not talk to management, he said it is a waste of time

http://www.bloomberg.com/apps/news?pid=71000001&refer=us&sid=akwFghNJn.5Q

Rating: 5.0/5 (2 votes)

Comments

Please leave your comment:


Get WordPress Plugins for easy affiliate links on Stock Tickers and Guru Names | Earn affiliate commissions by embedding GuruFocus Charts
GuruFocus Affiliate Program: Earn up to $400 per referral. ( Learn More)
Free 7-day Trial
FEEDBACK